Amend SB 310       (House Committee Printing) as follows:                    
	(1) On page 2, line 14, insert a new Subsection (3) to read as 
follows and renumber subsequent Subsections accordingly:
		"(3) "Security" or "securities" has the meaning 
assigned by Section 4, The Securities Act (Article 581-4, Vernon's 
Texas Civil Statutes)."
	(2) On page 3, line 16, strike "and".                                          
	(3) On page 3, line 22, insert the following after 
"insurance" and before the period:
		";                                                                            
		(5) information on the insurer's losses from 
investments in securities, whether publicly or privately traded, 
including investments in the securities of companies required by 
any oversight agency to restate earnings within the 24 months 
preceding the effective date of this article, possessed and used by 
the insurer to determine premiums or underwriting for residential 
property insurance;
		(6) information on the insurer's costs of reinsurance, 
including costs incurred subsequent to September 11, 2001, 
possessed and used by the insurer to determine premiums or 
underwriting for residential property insurance; and 
		(7) information on the effect of the hard and soft 
market cycles of the residential property insurance market 
possessed and used by the insurer to determine premiums or 
underwriting for residential property insurance"
	(4) On page 6, line 2, insert Subsection (c) after the period 
to read as follows:
	"(c) The report required under this section shall 
specifically address:      
		(1) insurers' securities investment performance, the 
effect of insurer investment losses in securities on insurers' 
profitability, and any impact of securities investment losses on 
residential property insurance premiums and underwriting 
standards, including an evaluation of the impacts on residential 
property insurance premiums and underwriting standards from 
insurer investments in the securities of companies required by any 
oversight agency to restate earnings within the 24 months preceding 
the effective date of this article;
		(2) insurers' costs for reinsurance after September 11, 
2001, and any impact of reinsurance costs on residential property 
insurance premiums and underwriting standards; and
		(3) hard and soft market cycles in the residential 
property insurance market and any impact of those cycles on 
residential property insurance premiums and underwriting 
standards."